Yes, the dividend is a nice pacifier since I didn't really partake in the VISX climb (had 100 shares @ $25 and sold at $40). You basically have the same theory has mine concerning the acquisition and I suspect we're probably not to far off base from how BEAM views the scenario.
As far as the Feds, they kinda opened up a can of worms (probably got tunnel vision on the price fixing without realizing what they now have created). I agree both companies will continue to function utilizing each other patents (if and when PPP is dissolved). I also agree this new approach will create problems (temporarily) for new machines trying to enter the field. However, since patent rights start to expire in 2004, a solution will be worked out (just don't know if it will be a good or bad solution). Your last question is a good one and I would surmise, that they would. Remember, the reason there was a ratio utilized in the past to divide royalty fees, was because VISX held a greater portion of the patents. However, unless the two again entered into an agreement (which I don't think will be allowed), then they each will need to charge competitive fees or risk losing revenue.
Also, I always was under the impression that VISX held the majority of the patents, but in reviewing the Patent Site, BEAM has 33 registered patents to Visx's 13. Is there some reason for this? View the site and tell me what you think.
patents.ibm.com
Once there, just type in Summit Technology and also check the 1971 to present box. Do the same for VISX. Does anyone know what patents are included in the PPP make-up? |
